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Russia's construction boom is likely to moderate

Location:

RUSSIA

The completion of residential housing units reached a post-Soviet record of 110 million square metres. This strong expansion in construction activity was demand-led, stimulated by…

Russia will expand support to small businesses

Location:

RUSSIA

However, small- and medium-sized enterprises (SMEs) play a significant role in the economy, especially in service industries. They also provide a rising share of new jobs. The…

After a strong year for Australia, growth will slow

Location:

AUSTRALIA

This figure is higher than the RBA’s forecast of 1.5%, as labour demand remains strong and business investment resumes as supply chain disruption subsides. However, persistent…

Petrobras pricing policy will bring doubts in Brazil

Location:

BRAZIL

The new pricing policy replaces the previous import parity price applied since 2016 and may attenuate the impact of international price volatility on the domestic market. The new…

Tax exposes fiscal challenge facing Italy’s coalition

Location:

ITALY

The measure sent bank stocks tumbling and ignited intense political debate, after which the government partially backtracked. The displays the ad-hoc nature of Meloni's economic…

Turkey's return to economic orthodoxy may waver

Location:

TURKEY

The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…

The central banks face an increasingly complex dilemma

Location:

INTERNATIONAL

With inflation lasting longer than expected, worries about the impact on banking may limit the scope for more rate hikes. Equally, a pause could undermine central banks'…

Colombia’s economy faces sluggish growth in 2024

Location:

COLOMBIA

Expectations for 2024 suggest lower inflation than last year, but risks persist. The OECD forecasts moderate GDP growth, highlighting inflation and interest rate concerns. Minimum…

Mexico will borrow heavily in 2024

Location:

MEXICO

Despite the unprecedented amount, demand for the bonds was substantial at USD21.3bn. The government has forecast a public sector borrowing requirement equivalent to 5.4% of GDP in…

Foreign exchange shortages will persist in Guyana

Location:

GUYANA

These difficulties have arisen despite the sharp rise in oil output to nearly 143 million barrels last year, from which the government received some USD1.6bn in revenues. Oil…